Gold futures on the COMEX division of the New York Mercantile Exchange closed higher Wednesday, as the precious metal was boosted by weakened greenback.
The most active gold contract for February delivery went up 0.60 U.S. dollar, or 0.05 percent, to settle at 1,284 dollars per ounce.
The U.S. dollar index, which measures the buck against six rivals, went down 0.27 percent to 96.07 as of 1830 GMT.
Gold usually moves in opposite directions with the U.S. dollar, which means if the dollar goes strong, gold futures will fall as gold, priced in U.S. dollar, becomes expensive for investors using other currencies.
However, some strength in U.S. equities kept a lid on gains for the precious metal. The Dow Jones Industrial Average added 145.26 points, or 0.60 percent as of 1845 GMT. The S&P 500 also followed Dow's rise. When equities post losses, investors may start to buy safe-haven assets, such as gold.
As for other precious metals, silver for March delivery was up 5.50 cents, or 0.36 percent, to settle at 15.38 dollars per ounce. Platinum for April delivery added 5.20 dollars, or 0.66 percent, to close at 796.40 dollars per ounce.
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